Read Millionaire Fastlane
- Jul 27, 2007
You have mentioned many times in posts that you like to start with no pay but still with all expenses.
Do you mean no monthly cashflow? Is that because you take out a loan right away so that raises your expenses?
Why I Play Cashflow
Part of the fun of cashflow is playing fast and loose, and trying new things to see if they work.
My focus has changed from paying off debts and building cashflow slowly, to worrying less about debt, and focusing more on what opportunities are available. The way to win -quickly- at cashflow is to get as many opportunities as possible, as quickly as possible. Sell off the winners when the market cards come up, and you quickly have enough cash to pay off your bank loans and start swinging bigger deals. At that point, my focus changes-- I no longer take as much risk and borrow as much money; I focus on buying lots of big deals that give me massive cashflow.
mglshark said:You can get out of the game within 10 - 20 mins. by a rules "cheat" (exploit?) I seen players do - pooling everything together so player 1 gets big deal - hits the rat race and turns over assets to player 2 who now gets out, etc. A mind bender when I first saw it, but defeats the teaching element of the game.
lucas, how has borrowing a billion $$ and waiting for the $5 stock changed the way you live your life?
Has it changed the approach you are taking in working towards financial freedom?
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